Multi-Cloud enabled business process management (BPM) solution:
- CloudSocket BPaaS product enables organizations manage their business processes over multiple clouds by defining, deploying and executing corresponding self-adaptive workflows previously designed (by Cloudsocket BPaaS service or other design services/tools).
- The BPaaS consulting service is a set of tools, methods and models that help organizations to decide, if and how to move their business processes into the cloud. The tools, methods and models will be used in an interactive manner, that in the end the organization has enough information to decide whether they are investing in cloud computing or not.
The main problem customers have is a gap between business and IT worlds, especially when we consider very limited resources of young and SME companies. Cloud computing offers flexible and cost-efficient IT solutions for all organizations and is especially important for SMEs that can focus on business and leave IT to cloud providers. By adopting multi-cloud strategies, customers can avoid vendor lock-in and can further optimize their investments, as well as cloud service quality delivered to them. However, aligning their business processes to this new multi-cloud environment is very difficult, if not impossible.
We address a decision support if and how business processes should be moved into the cloud.
Currently organizations are either excluded from moving their business processes in the cloud, or they use a particular consulting company and have then a vendor lock-in, or work on their own on specifications with a high likelihood that the analysis will be incomplete. Instead of bringing whole processes into the cloud, many companies support individual tasks with cloud services, which results in media breaks and manual integration efforts.
The global Business Process Management (BPM) market stands at USD 6.96 Billion in 2016, and is expected to grow at a CAGR of 14.2% during 2016-2021 to reach USD 13.52 Billion by 2021. BPaaS subsegment market size is estimated to grow from USD 1.62 billion in 2015 to USD 4.71 billion by 2020, at an estimated CAGR of 23.7% from 2015 to 2020. There is no multi-market BPaaS segment yet, but multi-cloud management market size is expected to grow from USD 939.3 Million in 2016 to USD 3,431.2 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 29.6% during the forecast period. By extrapolating relative BPaaS weight (compared to overall SaaS), as well as BPM market size (as compared to overall software market), we believe that the market for multi-cloud BPaaS product will be around 600 Million USD in 2021.
Potentially any organization with IT - infrastructure. Preferable:
(1) Public Administration moving towards cloud
(2) Large Companies that want to continue their cloud strategy also on BP level
(3) SMEs who want complete BP solutions rather than several SaaS
CloudSocket BPaaS product enables organizations manage their business processes over multiple clouds by defining, deploying and executing corresponding self-adaptive workflows previously designed (by Cloudsocket BPaaS service or other design services/tools).
Many tools exist to reduce time and cost for business processes implementation and automation in a single cloud. As the processes can spread over several clouds or several engines, that can offer different functionalities not adjusted to real customer needs, there is a need for further integration and optimization. CloudSocket product intends to close gap between business and this new IT environment characterized by multi-cloud adoption.
Customers could benefit by gaining the ability to efficiently adapt their business needs to current IT proposition i.e. Cloud offerings (to align business processes with Cloud deployed workflows). Thereby, the proposition is to “plug business” into the “Cloud”.
BPaaS as a consulting service including special tool support to decide if and how to move business processes into the cloud have to distinctions:
(1) USP against other BPM tools, is that those cloud specific analysis mechanisms are yet not implemented in other BPM tools.
(2) USP against SaaS, is in its flexibility to quicker establish individual SaaS (BPaaS) offerings and a better integration of services